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Coinbase selected by BlackRock; provide Aladdin clients access to crypto trading and custody via…

Coinbase selected by BlackRock; provide Aladdin clients access to crypto trading and custody via Coinbase Prime

Tl;dr: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin

By Brett Tejpaul, Head of Coinbase Institutional and Greg Tusar, Vice President, Institutional Product

Over the past few years, Coinbase has played a central role in developing and strengthening crypto markets as the safest, most trusted bridge to the cryptoeconomy. Today marks an exciting next step on our journey as we announce that Coinbase is partnering with BlackRock, the world’s largest asset manager, to provide institutional clients of Aladdin®, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with bitcoin, through connectivity with Coinbase Prime. Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s Institutional client base who are also clients of Coinbase.

Built for institutions, Coinbase Prime integrates advanced agency trading, custody, prime financing, staking, and staking infrastructure, data, and reporting that supports the entire transaction lifecycle. We combine these capabilities with leading security, insurance, and compliance practices to provide institutional clients of Coinbase with a full-service platform to access crypto markets at scale. Coinbase’s clients include hedge funds, asset allocators, financial institutions, corporate treasuries and other institutions.

Our scale, experience and integrated product offering represented what BlackRock believes to be a logical partner for Aladdin.

“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” said Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock. “This connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.”

The Coinbase partnership between BlackRock and Aladdin is an exciting milestone for our firm. As the trusted partner enabling institutions to participate and transact in the cryptoeconomy, we are committed to pushing the industry forward and creating new access points as institutional crypto adoption continues to rapidly accelerate. We are honored to partner with an industry leader and look forward to furthering Coinbase’s goal of providing greater access and transparency to crypto.

BlackRock and Coinbase will continue to progress the platform integration and will roll out functionality in phases to interested clients. Access is available for institutions contracted with both Aladdin and Coinbase. To gain access or learn more about the capabilities, please reach out to [email protected].

About Coinbase Prime

Coinbase Prime is the leading institutional prime broker platform for crypto assets, trusted by over 13,000 institutional clients.

Coinbase Prime is a fully integrated platform built specifically for institutions to support the entire transaction lifecycle including advanced multi-venue agency trade execution for 200 assets, custody for more than 300 assets, prime financing, staking and staking infrastructure, data and analytics, and reporting.

Institutions can access Coinbase Prime directly via a user interface or as an integrated platform via APIs to offer crypto related products such as ETPs and ETFs, custodial solutions, or brokerage for institutional, private wealth, and retail clients.

Coinbase Prime’s custodian, Coinbase Custody Trust Company, is a qualified custodian and a New York limited purpose trust company regulated by the New York Department of Financial Services. Coinbase Custody Trust Company is a fiduciary under New York state banking law.

To learn more about Coinbase Institutional’s solutions, including more information about Coinbase Prime, click here.

Disclaimer: This content is intended for informational purposes only, and does not constitute the provision of investment advice. For more information, please visit www.coinbase.com.


Coinbase selected by BlackRock; provide Aladdin clients access to crypto trading and custody via… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

NFTs In A Nutshell: A Weekly Review

Your favorite kids shows are being reincarnated as NFTs, there’s a hot debate around zero-royalty NFTs, and OpenSea is once again making policy changes. While NFT volumes have slowed and stuttered, there’s still plenty of activity and action to review. That’s why we deliver you a bite-sized recap every weekend – keeping you up to::Listen

Your favorite kids shows are being reincarnated as NFTs, there’s a hot debate around zero-royalty NFTs, and OpenSea is once again making policy changes. While NFT volumes have slowed and stuttered, there’s still plenty of activity and action to review. That’s why we deliver you a bite-sized recap every weekend – keeping you up to speed on all things NFTs from the past week.

Let’s dive into these stories, and more, from the past seven days of NFT action.

This Week’s Non-Fungible Token News

Do Zero Royalty NFTs Have A Future?

In last week’s Nutshell, we highlighted the community debate around CC0 and licensing / rights holding for NFT holders. This week, the chatter shifted towards royalties, as many major community members shared their thoughts on zero-royalty NFTs, which seem to be gaining momentum.

Power Rangers NFTs Are Next Up For Hasbro And Funko

Funko Pop’s digital NFT series, ‘Digital Pop!,’ has generated mixed reviews from hardcore Funko fans, but it hasn’t slowed the company’s persistence in playing in the NFT space. Look no further than the latest upcoming release for the firm, in partnership with toy company Hasbro (who have also been aggressive in the space). On August 23, the brands will be releasing “Power Rangers” NFTs, with a total of 22,500 packs (or 450,000 total NFTs) available for fans.

OpenSea Adjusts Stolen NFT Policy

It seems like each week we feature a small piece of OpenSea policy adjustments on the Nutshell. We’re back again this week, as the leading NFT marketplace made an announcement earlier last week that they would be implementing a crime reporting and stolen items policy in order to stay compliant with U.S. laws.

This had some unintended effects for users that unknowingly purchased stolen NFTs, however. The major highlight here is that theft victims would be required to file a police report during the first week of the theft in order to prevent stolen items from circulating on the platform. Otherwise, NFTs would be freely traded.

Solana (SOL) is the blockchain of choice for ‘Single,’ the audio and video NFT platform that is teaming up with Shopify. | Source: SOL-USD on TradingView.com
Music NFTs Are Still On The Table, As Shopify Teams Up With Blockchain Music Firm ‘Single’

Shopify is not only one of the biggest e-commerce facilitators in the game today, but they are also becoming increasingly NFT-friendly (and of course, increasingly crypto-friendly as well). We’ve seen Bitcoin Lightning integration, and last year the company made a splashing announcement around their intentions to build out merchant support for NFTs.

Last year, and headed into early 2022, there was plenty of anticipation around the future potential around music NFTs. Many saw them as the next category to burst into the scene, as speculators threw around ideas of what could be the next GameFi. 2022 has shown mild results as the market has cooled off, to say the least. Top that off with other major setbacks, such as Audius – one of the leading names in audio NFTs – was hacked for roughly $6M in ETH in recent weeks.

Nonetheless, not all hope is lost. Shopify has made strides this past week in serving creators directly, teaming up with Solana-based ‘Single’ to offer solutions for creatives in music and video. Single CEO and founder Tommy Stalknecht stated:

“It shouldn’t be any more difficult for anyone to collect digital merchandise as it is physical, so we want to make sure that people can purchase NFTs just as easily, creating an instant value to fans.”

New EU Law Categorizes NFTs Alongside Crypto

NFTs that are part of a collection fit the bill with broader crypto, accordingly to new EU legislation under the EU’s Markets in Crypto Act, or MiCA. This is according to a panel at the Korea Blockchain Week from EU Advisor Peter Kerstens. Kerstens’ sentiment follows previous anticipation that NFTs in most, if not all, forms would be excluded from the MiCA legislation. Additionally, with MiCA inclusion, this would require NFT collection issuers to likely issue a whitepaper alongside their collection – and would limit outlandish claims or unreasonable promises to potential buyers. While this might be more stringent regulation than many would prefer, it also could lead to a more consumer-friendly outcome, ideally reducing scams and fraudulent schemes.

MiCA is roughly two years in the making and has been amended as legislators discuss potential implications.

Featured image from Pexels, Charts from TradingView.com

The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Coinbase selected by BlackRock; provide Aladdin clients access to crypto trading and custody via…

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